Business Accounting for Business Owners
Walk away with a clear picture of what an effective and scalable day-to-day accounting operation looks like so that you can adopt it for your business today.
Gain an understanding of how to hire others to do the accounting work for you but still be in control without being pulled into the weeds.
Learn how to read your financial reports as a business owner and to transform the numbers into actionable business strategies.
*Limited to 8 attendees per session
NEXT CLASS: TBD
Created By: Tiffany Kao
I created this Master class with you, the business owner, in mind. As business owners, we do not need to know every detail of how the accounting and finance in our company gets done, but we do need to know enough in order to hire right, manage right, and to problem solve effectively.
To benefit from accurate and useful financial information, we must first control the input, which starts in your day-to-day accounting processes, in order to reap the benefits of the output, which are the financial reports and data of your business.
Along the way, you'll also discover how to utilize your accounting operations to actively aid you in growing your business.
But, we can only accomplish all of the above by making sure that you, the business owner, know just enough about the accounting in your business to be dangerous - and that is what this Master Class is all about.
In this Master Class,
we will accomplish the following:
Discover what the day-to-day accounting workflows for businesses at the level of $500k, $1M, $5M, and $10M+ in revenue looks like so you know what to expect as you grow and what you can start preparing for in your business today.
Learn what are the key skillsets you want to look for when hiring for various accounting roles for your business.
Understand what types of accounting support options there are available on the market today and what works best for your type of business (outsourced, in-house, hybrid, etc.)
Become familiar with the technology platforms and tools that can automate your accounting operations
Learn about must-have basic internal controls to prevent or detect fraud when others are involved in handling the money of your business.
Figure out when or why cash or accrual basis of accounting is right for your business and for you, the business owner.
Learn how to get the best out of your Profit and Loss Report and Balance Sheet.
Grasp the story behind your numbers and how to translate that into actionable business strategies.